Coronavirus is probably the 1 concern in investors’ minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (read the details). In these volatile markets we scrutinize hedge fund filings to get a […] …read more […]
Tesla CEO Elon Musk tweeted Friday about the coronavirus outbreak, calling panic towards the virus ‘dumb.’ The Final Round panel discusses the latest. …read more […]
The death toll from an outbreak of coronavirus in Italy has risen by 49 to 197, the Civil Protection Agency said on Friday, the largest daily increase in fatalities since the contagion was uncovered two weeks ago.
Colombia confirmed its first case of coronavirus on Friday, joining other South American countries that have reported cases of the fast-spreading disease.
Editor’s Note: Yesterday, we heard from Rich Checkan, a gold investing expert and friend of ours here at Wealthy Retirement.
Rich is the president of Asset Strategies International, and last time, he shared reasons why he believes a correction in the market was overdue even before the coronavirus panic caused stocks to tumble last week.
Today, Rich will take a closer look at what these market swings mean for gold – and why he believes it should be an integral part of your portfolio going forward.
If you’d like to learn more about Rich and Asset Strategies International, you can reach his office …read more […]
Austan Goolsbee, the former chair of the Barack Obama’s economic council, says that the U.S.’s service-based economy makes it more susceptible to threats like the coronavirus. …read more […]
Bank of America Corp is asking clients about their coronavirus contingency plans as part of its evaluation process of which deals to underwrite, according to sources.
The Trump administration is weighing tax relief for airline, cruise and travel industries to help such companies cope with a growing coronavirus outbreak that has dried up bookings, a source familiar with the plan said on Friday.
As the risks of the coronavirus outbreak continue to rise, U.S. officials are wrestling with what to do in the worst-case economic scenarios, if large numbers of people can’t go to work, are told to stay home, or stop going out in public entirely.
Volatility, as measured by the CBOE Volatility Index (VIX), takes into account the number of puts and calls being bought and sold on S&P 500 stocks. When the market is crashing, the VIX moves higher, and when the market is soaring, the VIX moves lower.
And in The War Room, we just played a historic move on the VIX for an overnight double-digit gain.
Here’s how we did it…
In this case, War Room members bought an iPath Series B S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) put option after days of watching the market take it on the chin. All we …read more […]
Mastercard Inc closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee was diagnosed with coronavirus.
(Bloomberg) — The market selloff is creating enough bargains for investors to begin buying, though it’s too soon to call the bottom, according to Howard Marks, co-founder of distressed investment specialist Oaktree Capital Management.“We’re certainly buying,” Marks said in a Bloomberg Television interview on Friday. “If you’re a distressed investor, you must turn more aggressive when you’re given good chances. I’m not saying this is the bottom, but this is certainly a time to do some buying.”Stocks plunged and U.S. credit markets were suffering their worst day in a decade as fears intensify that the spreading coronavirus will hurt corporate …read more […]
U.S. stock indexes tumbled on Friday as fears of economic damage intensified with the global tally of coronavirus cases crossing 100,000, sending investors scurrying to the safety of bonds.
Yields on U.S. Treasuries plunged to historic lows on Friday as fear the coronavirus outbreak will slam the global economy drove investors to snap up risk-adverse assets and dump equities, overshadowing data highlighting a strong U.S. labor market.
Colombia confirmed its first case of coronavirus on Friday, joining other South American countries which have reported cases of the fast-spreading disease.
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